Risk and Innovation - Case for Building a Methodology Tool to Assist Informed Decision Making for Managers
3 Pages Posted: 26 Jul 2006
Date Written: July 22, 2006
There is a direct correlation between risk and innovation. A Corporate academy Study for "Applying Innovation in Clients environment", mentioned following:
"Cultural clash in delivering Client Innovation: Service Delivery is based on standards, repeatability, reference architectures, proven and robust technology, guaranteed quality, efficiency and meeting SLAs. The resulting culture is inherently in conflict with innovation, which inescapably entails increased risk. SD has no processes or targets for regularly engaging in Client Innovation. It does not employ people for this purpose and has no measurements or incentive programs to perform this task and indeed incents the opposite behavior."
The study establishes that there is a direct correlation between Innovation and Risk.
Keywords: Innovation, risk, risk managment, organization culture, change management
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